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Venture Capital
asbvchina.com

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Investments

27

Portfolio Exits

4

Funds

7

About ASB Ventures

ASB Ventures focuses on early and mid-term venture capital investments in areas such as biomedicine and health, TMT and innovation, hardware technology, and clean technologies

ASB Ventures Headquarter Location

Shenzhen, Guangdong,

China

+86 0755-26428841

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ASB Ventures Investments

27 Investments

ASB Ventures has made 27 investments. Their latest investment was in Lanyue Electromechanical as part of their Unattributed VC on October 10, 2021.

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ASB Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/13/2021

Unattributed VC

Lanyue Electromechanical

Yes

1

8/3/2021

Seed VC

Baier Luoke

Yes

2

8/3/2021

Series A

Tempest Couriers

Yes

2

5/31/2021

Seed VC

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$99M

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10

4/29/2021

Series A - II

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$99M

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10

Date

10/13/2021

8/3/2021

8/3/2021

5/31/2021

4/29/2021

Round

Unattributed VC

Seed VC

Series A

Seed VC

Series A - II

Company

Lanyue Electromechanical

Baier Luoke

Tempest Couriers

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Amount

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

2

10

10

ASB Ventures Portfolio Exits

4 Portfolio Exits

ASB Ventures has 4 portfolio exits. Their latest portfolio exit was Sunnypol on May 25, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/25/2017

IPO

1

00/00/0000

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10

00/00/0000

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10

00/00/0000

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10

Date

5/25/2017

00/00/0000

00/00/0000

00/00/0000

Exit

IPO

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Companies

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Valuation

Acquirer

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Sources

1

10

10

10

ASB Ventures Fund History

7 Fund Histories

ASB Ventures has 7 funds, including Shenzhen Hua'ao Venture Capital Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/8/2009

Shenzhen Hua'ao Venture Capital Fund

Multi-Stage Venture Capital

$20.22M

1

12/31/2008

ASB Huabao Venture Capital Fund

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$99M

10

12/31/2005

ASBV China Growth Fund I

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$99M

10

ASBV China Balance Fund

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$99M

10

Shenzhen ASB Angel Venture Capital LP

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$99M

10

Closing Date

12/8/2009

12/31/2008

12/31/2005

Fund

Shenzhen Hua'ao Venture Capital Fund

ASB Huabao Venture Capital Fund

ASBV China Growth Fund I

ASBV China Balance Fund

Shenzhen ASB Angel Venture Capital LP

Fund Type

Multi-Stage Venture Capital

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Status

Amount

$20.22M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

ASB Ventures Team

4 Team Members

ASB Ventures has 4 team members, including current President, Gang Xiong.

Name

Work History

Title

Status

Gang Xiong

President

Current

Angelo M Traas

Managing Director

Current

Rulong Wang

Managing Director

Current

Xiaobing Wang

Managing Director

Current

Name

Gang Xiong

Angelo M Traas

Rulong Wang

Xiaobing Wang

Work History

Title

President

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

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